Granite Real Estate Investment Trust (TSE:GRT.UN) Given New C$100.00 Price Target at Royal Bank Of Canada

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its price objective boosted by analysts at Royal Bank Of Canada from C$90.00 to C$100.00 in a report issued on Friday,BayStreet.CA reports. Royal Bank Of Canada’s target price would indicate a potential upside of 8.21% from the stock’s current price.

GRT.UN has been the subject of several other research reports. BMO Capital Markets boosted their price objective on shares of Granite Real Estate Investment Trust from C$84.00 to C$87.00 in a research report on Monday, November 10th. TD Securities upped their price target on Granite Real Estate Investment Trust from C$94.00 to C$96.00 and gave the company a “buy” rating in a research note on Friday. Finally, Raymond James Financial lowered Granite Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the stock from C$93.00 to C$96.00 in a research report on Wednesday, January 14th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$93.38.

Granite Real Estate Investment Trust Price Performance

Shares of TSE GRT.UN traded up C$2.84 during trading on Friday, reaching C$92.41. The company had a trading volume of 178,935 shares, compared to its average volume of 129,348. Granite Real Estate Investment Trust has a 52 week low of C$55.25 and a 52 week high of C$92.89. The business’s 50 day moving average price is C$86.13 and its 200-day moving average price is C$80.68. The stock has a market cap of C$5.60 billion, a PE ratio of 19.54 and a beta of 1.29. The company has a debt-to-equity ratio of 57.74, a quick ratio of 1.61 and a current ratio of 0.35.

About Granite Real Estate Investment Trust

Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, and management of primarily industrial properties in North America and Europe. Granite’s portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities. The vast majority of the company’s assets are logistics and distribution warehouses and multipurpose buildings split fairly evenly amongst Canadian, Austrian, and U.S.